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Future Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

CRUDE OIL Aug 2020 (NYMEX:CL.Q20)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_CL.Q20
Open High Low CL.Q20 Price Change
52.25 52.44 51.83 51.83 +0.28
Entry Signal

MarketClub’s Trade Triangles for CL.Q20

long term down The long term trend has been DOWN since May 23rd, 2019 at 56.44

intermediate term down The intermediate term trend has been DOWN since Oct 1st, 2019 at 51.46

short term up The short term trend has been UP since Oct 18th, 2019 at 52.36

Smart Scan Analysis for CL.Q20

Based on a pre-defined weighted trend formula for chart analysis, CL.Q20 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for CL.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.25 52.44 51.83 51.83 +0.28
Prev. Close Volume Bid Ask Time
50.63 3803 2019-10-18 14:52:04
First Delivery2020-08-31Expiration2020-07-21
Open Time18:00Close Time17:00
Want to analyze CRUDE OIL Aug 2020 CL.Q20 or another symbol? Try our Free Future Trend Analysis Report.